Mortgage brokers are required to comply with federal anti-money laundering legislation and failure to do so can result in significant monetary penalties and reputation damage.
This course is eligible for 2 CE hours (Professional development)
During this course, trainees will learn about:
- The Canadian regulatory environment and penalties for non-compliance
- Methods to verify the identity of individuals and organizations
- Who qualifies as a third party and when you need to identify a third-party relationship
- Requirements related to the beneficial ownership of organizations
- Identifying politically exposed persons
- Understanding suspicious transaction reporting
- Required recordkeeping